Atlantis Business Development Corporation Announces Acquisition of TST Recycling Technologies.

Business Editors

RED BANK, N.J.--(BUSINESS WIRE)--March 3, 2004

Atlantis Business Development Corporation, Inc. (OTCBB:ABDV) announced today that it has acquired 10% of TST Recycling Technologies Inc., a specialist in the treatment of hazardous, toxic and non-desirable wastes.

TST Recycling Technologies owns 100% of TST Entsorgungs AG ("TST"), which is a Swiss Registered Company. The predecessor of TST started testing the process of treating waste via the use of High Temperature Vitrification ("HTV") in the late 1980s. The original pilot plant was converted into a commercially viable plant at a cost in excess of $10 million, and was purchased by TST for approximately $1.4 million during 2002.

About TST

HTV technology converts hazardous/toxic waste into marketable, non-hazardous, recycled glass ceramics. For producers of hazardous waste, the HTV process TST offers is efficient and safe and processes at similar or lower costs than common environmentally unfriendly disposal methods. The Company has concluded marketing studies with its consultant ABB Consulting AG and initially will concentrate on household battery and florescent light bulb recycling. The success of this company will be highly dependent on substantial financings and sales of which there is no assurance.

"We are happy to have an ownership in TST," says John Leo, President of ABDV. "TST is far ahead of its competitors. Most of the competitors are still in the pilot stages and have experienced operating or processing difficulties with their various technologies. TST has the only truly commercial set-up with approval from 'greens' and other governments in addition to the Swiss."

About Atlantis Business Development Corporation (ABDV)

ABDV is registered with the United States Securities and Exchange Commission as a Business Development Corporation ("BDC") and subject to the 1940 Investment Company Act. As a BDC, Atlantis seeks out companies that are in their business development stage. Atlantis provides management, accounting, finance and M & A advice. Atlantis is an active investor in the companies to which it provides its services.

ABDV now owns 10% of TST. As part of the terms of the transaction ABDV intends to spinout 50% of these shares to its shareholders of record as of March 1, 2004. ABDV will also provide TST with ongoing management and financing assistance.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release include certain predictions and projections that may be considered forward-looking statements under securities law. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the performance of joint venture partners, as well as other economic, competitive and technological factors involving the Company's operations, markets, services, products and prices. With respect to Atlantis Business Development Corp. (ABDV), except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, ABDV's extremely limited operating history, uncertainties related to the Company's access to additional capital, competition and dependence on key management.